The FinTech Hub
Source: The Verge OpenAI has hired Fidji Simo, the CEO of Instacart and former Facebook app chief, as the head of the company’s apps business. In a post on X, OpenAI CEO Sam Altman says introducing the new role will allow him to “focus on research, compute, and safety.” Simo has served as an OpenAI…
Source: The Verge After the Cambridge Analytica data scandal broke in 2018, things got bad enough for Meta (then Facebook) that Mark Zuckerberg had to face Congress to try to explain what had happened. The focus on how much data Facebook had on everyone, including “shadow profiles” for non-Facebook users, was enough to shake financial…
Source: The Verge Meta CEO Mark Zuckerberg had a “potentially crazy idea” in 2022 to get people using Facebook more: deleting everyone’s friends’ lists. The possibility was discussed on Monday via internal emails shown by the FTC as Zuckerberg testified during Meta’s antitrust trial. Zuckerberg floated the idea of considering “wiping everyone’s graphs” — their…
Source: The Verge Meta has announced that it’s preparing to train AI on the data of EU users of its apps, including Facebook and Instagram. The company says that includes things like public posts, comments, and their chat history with Meta AI, but won’t include “private messages with friends and family.” It also only applies…
Source: The Verge Meta is broadening Instagram restrictions that prevent minors from being exposed to inappropriate contact and content, bringing those protections to Facebook and Messenger and adding new limits for teenage Instagram users. Facebook and Messenger Teen Accounts are rolling out in the US, UK, Australia, and Canada starting today, with other regions coming…
Source: The Verge Facebook is trying to go back to its roots with a new “Friends” tab that filters out the algorithmic recommendations that have taken over its main feed. The new tab is rolling out in the US and Canada, and will show your friends’ stories, reels, posts, and birthdays. In a blog post…
Source: The Verge Meta will begin testing its X-style Community Notes starting March 18th. The feature will roll out on Facebook, Instagram, and Threads in the US – but Meta won’t publicly publish the notes to start as it tests the Community Notes writing and rating system. Meta first announced plans to replace its fact-checking…
Source: The Verge Facebook will start deleting users’ live broadcast recordings after 30 days starting on February 19th. Users who go live after that date must download the videos to save them from getting deleted before their 30-day expiration period ends. Alternatively, you could share the recordings to your profile as Reels, although that means…
Source: The Verge Companies have been cutting costs. | Photo by Natt Garun / The Verge Over the last couple years, it feels like we’ve heard news of mass layoffs and hiring freezes from tech companies nearly every week, and since the beginning of 2024, there’s been a new wave of layoffs and firings. In…
Source: The Verge That was CEO Mark Zuckerberg’s message to investors during his company’s fourth-quarter earnings call on Wednesday. During the Q&A portion of the call with Wall Street analysts, Zuckerberg fielded multiple questions about DeepSeek’s impressive AI models and what the implications are for Meta’s AI strategy. He said that what DeepSeek was able…
